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TL;DR
Do Kwon, co-founder and former CEO of the failed Terra Labs, was arrested after making an attempt to board a aircraft in Montenegro, utilizing a faux passport final month.
Prosecutors from the US and South Korea are preventing over who will get to prosecute Do Kwon first, like a pair of siblings preventing over the TV distant.
South Korea is seeking to slap DK with the longest jail time period for a monetary crime within the nation’s historical past.
In the meantime, in America, DK has each civil and federal lawsuits ready to greet him.
Full Story
Need a story that is not boring as hell? Okay, let’s spice issues up…
If you do not know who Do Kwon is, he is the co-founder and former CEO of Terra Labs – creators of Terra Luna.
Do Kwon is just like the ‘indie’ model of Sam Bankman-Fried (he was shedding billions of {dollars} of investor funds, earlier than it was cool).
However despite the fact that his enterprise collapsed earlier than SBF’s, Do Kwon has solely lately been arrested (after making an attempt to board a aircraft in Montenegro utilizing a faux passport final month).
Okay..so what subsequent? A boring legal trial that we’ll all neglect about?
Not fairly.
Prosecutors from the US and South Korea are preventing over who will get to prosecute Do Kwon first, like a pair of siblings preventing over the TV distant.
It is because the second in line to cost Do Kwon may be ready some time. South Korea, for instance, is seeking to slap DK with – watch for it…
The longest jail time period for a monetary crime within the nation’s historical past.
In the meantime, in America, DK has each civil and federal lawsuits ready to greet him.
Because the saying goes:
When life provides you lemons, purchase a faux passport and attempt to keep away from legal prosecution throughout two continents.
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